Overview

* Sagicor Q2 core earnings rise 82% yr/yr to $46 mln, driven by strong segment performance

* Core basic EPS increases 89% to C33.9 cents, reflecting improved profitability

* Reported net loss of $6.4 mln due to market volatility on insurance assets

Outlook

* Sagicor expects 2025 core earnings to shareholders of $120 mln to $130 mln

* Company targets 2025 new business CSM of $155 mln to $175 mln

Result Drivers

* CORE EARNINGS - Record core earnings of $46 mln driven by strong insurance results across all operating segments, per CEO Andre Mousseau

* INVESTMENT EARNINGS - Sagicor Canada saw higher expected investment earnings, contributing to its strong qtr

* U.S. GROWTH - Sagicor Life USA's total assets surpassed $6 bln for the first time, driven by positive insurance experience and higher net investment results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Core $46 mln

Earnings

Q2 Net -$6.40

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

* Wall Street's median 12-month price target for Sagicor Financial Company Ltd ( SGCFF ) is C$10.50, about 29.4% above its August 12 closing price of C$7.41

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)